IEX · 10-Q · 2026Q3 · Full report

Restructuring Charges

IDEX CORP /DE/ · 2026-10-28 · Importance 59 · Surprise 82 · In source text

Restructuring expenses and asset impairments were $3.4 million in the third quarter of 2026, compared with $0.1 million in the prior-year quarter, and $13.6 million for nine months, compared with $18.3 million. The 2026 quarterly charges primarily reflected severance from employee reductions, including reductions connected with an anticipated HST facility closure. Nine-month charges also included $4.8 million of FMT intangible-asset and property, plant and equipment impairments. HST facility-closure costs included accelerated depreciation of $0.7 million in the quarter and $1.2 million over nine months.

Key facts

• Third-quarter 2026 restructuring charges primarily related to severance from employee reductions, including reductions connected to the anticipated closure of an HST facility. source
• For the three months ended September 30, 2026, restructuring expenses and asset impairments were $3.4 million, compared with $0.1 million in 2025; for the nine months they were $13.6 million, compared with $18.3 million in 2025. source
• The nine months ended September 30, 2026 included $4.8 million of asset impairments related to intangible assets and property, plant and equipment in FMT. source

Impact estimates